Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Boosts Stake in Chubb Limited $CB

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of Chubb Limited (NYSE:CB) by 40.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 12,552 shares of the financial services provider’s stock after acquiring an additional 3,590 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Chubb were worth $3,551,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Harbor Capital Advisors Inc. increased its position in Chubb by 93.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 44 shares in the last quarter. Cedar Mountain Advisors LLC boosted its stake in shares of Chubb by 155.6% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 56 shares during the last quarter. VSM Wealth Advisory LLC acquired a new stake in shares of Chubb during the 2nd quarter worth about $32,000. Heartwood Wealth Advisors LLC acquired a new position in shares of Chubb in the third quarter valued at approximately $34,000. Finally, Maseco LLP purchased a new position in shares of Chubb during the second quarter valued at approximately $35,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on CB. Keefe, Bruyette & Woods lifted their target price on shares of Chubb from $335.00 to $355.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 6th. HSBC upped their target price on Chubb from $302.00 to $304.00 in a research note on Wednesday, October 29th. Mizuho initiated coverage on Chubb in a research note on Monday, December 15th. They issued a “neutral” rating and a $318.00 price target on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Chubb in a research note on Wednesday, December 10th. Finally, Wells Fargo & Company increased their price objective on shares of Chubb from $277.00 to $293.00 and gave the stock an “equal weight” rating in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Chubb presently has a consensus rating of “Hold” and a consensus target price of $318.00.

Chubb Stock Performance

Shares of NYSE:CB opened at $306.75 on Monday. The business has a 50-day moving average of $301.38 and a two-hundred day moving average of $285.36. The firm has a market capitalization of $120.72 billion, a PE ratio of 12.80, a P/E/G ratio of 3.21 and a beta of 0.51. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $316.94.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. The business had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.72 EPS. As a group, research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Friday, December 12th were given a $0.97 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.3%. Chubb’s dividend payout ratio is presently 16.19%.

Insider Activity

In related news, insider John J. Lupica sold 23,698 shares of the stock in a transaction on Monday, October 27th. The stock was sold at an average price of $281.00, for a total value of $6,659,138.00. Following the completion of the sale, the insider directly owned 90,600 shares in the company, valued at approximately $25,458,600. This represents a 20.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph F. Wayland sold 5,830 shares of the firm’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $297.08, for a total value of $1,731,976.40. Following the completion of the transaction, the executive vice president directly owned 60,593 shares in the company, valued at $18,000,968.44. This trade represents a 8.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 57,333 shares of company stock valued at $16,629,873. Company insiders own 0.86% of the company’s stock.

Chubb Company Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.